Tweet [1]
Richard Epstein ponders the continuing calamity that is Obamacare [2].
George Selgin tells the tale of William Jennings Bryan and the founding of the Fed [4].
Greg Mankiw is reading Thomas Piketty’s Capital in the Twenty-First Century [5].
James Pethokoukis offers his reflections on Piketty’s book here [6] – and here [7]. A slice:
Thanks to Piketty, the left is now having a Galaxy Quest moment. All that stuff their Marxist economics professors taught them about the “inherent contradictions” of capitalism and about history’s being on the side of the planners — all the theories that the apparent victory of market capitalism in the last decades of the 20th century seemed to invalidate — well, it’s all true after all. In their progressive hearts, they always knew it, knew it, knew it! The era of big government is back! Let the redistribution commence!